Hmc Physician Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,589,025 | 3,671,678 | −2,082,653 | -47.4 | 0% |
| 2021 | 1,400,415 | 3,358,053 | −1,957,638 | -58.8 | 54% |
| 2022 | 1,619,075 | 3,850,794 | −2,231,719 | -58.2 | 54% |
| 2023 | 2,267,326 | 5,108,744 | −2,841,418 | -46.9 | 71% |
In its most recent public year (2023), this organization spent $2,841,418 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-46.9 months). Staff pay was 71% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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